File Code: Real Property
Prior Year Introduction As: HB 750/97 - ECM
- Sponsored By:
-
Delegates Baldwin, Beck, Bobo, Greenip, Perry, Rzepkowski, and
Workman
- Entitled:
-
Residential Real Property - Cancellation of Private Mortgage Insurance
Requiring a residential mortgage lender to disclose to a borrower
annually specified information for canceling private mortgage
insurance; and requiring a State-chartered credit union and a mortgage
lender to eliminate all charges for private mortgage insurance to a
mortgagor of a first mortgage on residential real property when the
mortgage is reduced to the level at which the private mortgage insurer
has no outstanding liability.
House Action
- 7/14
- Pre-filed
- 1/14
- First Reading Economic Matters
- 1/21
- Hearing 1/27 at 1:00 p.m.
- 3/23
- Unfavorable Report by Economic Matters
Senate Action
- No Action
- Sponsored by:
- Delegate Robert C. Baldwin, District 33
- Delegate Raymond Beck, District 39
- Delegate Elizabeth Bobo, District 12B
- Delegate Janet Greenip, District 33
- Delegate Marsha G. Perry, District 33
- Delegate James E. Rzepkowski, District 32
- Delegate Betty Workman, District 1B
- Bill indexed under the following Subjects:
- CONSUMER PROTECTION -see also- ADVTG.; LABELING; WARRANTIES.
- CREDIT UNIONS
- DISCLOSURE
- FEES -see also- DEVELOPMENT FEES AND TAXES
- INSURANCE -see also- HEALTH INSURANCE; MOTOR VEHICLE INS
- MORTGAGES
- NOTICES
- Bill affects the following Statutes:
- Commercial Law
- (
12-106 ,
12-106 ,
12-1007.2
)
- Financial Institutions
- (
5-508 ,
6-609 ,
11-513.1
)
- Bill Text:
First Reading (PDF),
Third Reading, Enrolled
- Fiscal Note:
Available (PDF)
- Amendments:
None offered
